The sources of growth in a developing economy are no different from those in the advanced industrialised countries. There are four basic requirements, which are: Natural resources – land, minerals, fuels, climate; their quantity and quality. Human resources – the supply of labour and the quality of labour.
There are four basic requirements, which are:
- Natural resources – land, minerals, fuels, climate; their quantity and quality.
- Human resources – the supply of labour and the quality of labour.
- Physical capital and technological factors – machines, factories, roads; their quantity and quality.
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